Plan Ledger DOL Form 5500 · updated monthly

Prosource Technologies, LLC401(k)

PROSOURCE TECHNOLOGIES RETIREMENT SAVINGS PLAN · ST. PAUL, MN · plan year 2024

Reported admin expense ratio · 2024
0.59%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Prosource Technologies, LLC reported $41,355 in plan administrative expenses for 2024: 0.59% of average plan assets, above the peer median. Employer contributions averaged $941 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio has held roughly steady near 0.585%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Minnesota (1,433rd of 1,918), and 8,939th of 11,654 in professional & technical services. In 2024, employees put in $10.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,333,482
Participants with balances91
Active participants52
Employer contributions$48,932
Employee contributions$489,321
Employer contribution per active participant$941
Average account balance$80,588
Benefits paid to participants$858,149
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$7.3M · 91 accts · $49K emplr
2023$6.8M · 136 accts · $98K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,448
Investment management$907
Total administrative$41,355
The Prosource Technologies, LLC 401(k) match · 2024
Employer contribution per active participant$941
Median for plans this size$1,313
2024$941 per active participant
2023$893 per active participant

Prosource Technologies, LLC's 2024 employer contribution ran below the $1,313 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee (discretionary)$41,356

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Alerus
2023Alerus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$41,355 · 0.59%
2023$35,816 · 0.59%
Similar plansProfessional & Technical Services · Minnesota
Ritalka, Incorporated MN$8.0M · 0.04%
Razr Marketing, Inc. MN$7.9M · 0.03%
Compudyne Inc MN$7.6M · 0.46%
Digineer, Inc. MN$7.4M · 0.78%
About Healthcare, Inc. MN$7.2M · 0.36%
Fb Solutions Group, LLC MN$5.8M · 0.72%
Quality Resource Group MN$5.6M · 0.90%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461431472 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.